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TOTAL RETURN PERFORMANCE 
SMITHSONIAN ENDOWMENTS

[[image - line graph comparing the return performance for June 1978 through June 1982 for the following Smithsonian Endowment funds (Index: 6/30/78 = 100):
Batterymarch
BEA
Fiduciary
Torray
S&P 500]]


Revised 12/31/81